Successful launch of Company’s proprietary cannabis banking solution last quarter, to generate first-ever revenue stream for Company Over 150 applications and dozens of new accounts for banking opened since achieving commercialization last quarter Go! platform to represent first-ever payment solution available across all legalized cannabis states, providing Company with key first-mover advantage Company expects to

Written by ANDRE HERRERA, HYPUR Full Article / Source: www.cuinsight.com Landlords, lawyers, CPA’s, electricians, plumbers, bookkeepers, insurance companies, home improvement stores, pizza delivery, and numerous other businesses are providing products and services to marijuana related businesses (MRB’s) and are receiving proceeds from marijuana sales. Also included in that list are all the states, counties, and

Cannabis in America is still federally illegal, even in states with legal medical marijuana programs. Therefore, state-legal medical marijuana transactions are mostly conducted with cash. This cash is not allowed to be deposited in a bank, because The Federal Reserve regulates state-chartered member banks. Being unable to bank puts business owners in the cannabis space

Whether you like it or not, in all probability your financial institution has marijuana proceeds flowing through its doors in some capacity. It is naive to believe otherwise. Marijuana proceeds are being spent throughout our economy. One issue is that many bankers only view marijuana related businesses as dispensaries, cultivators, infused product manufacturers, and testing

Since the day in 2014 when I sniffed a $20 bill on camera at the request of a Fox News reporter, it has been clear that on the issue of banking marijuana “we don’t know what we don’t know.” FYI, the reporter was asking if you really could smell marijuana on money that marijuana businesses